LWR Offices LLC Acquires Sarasota Office Building For $5.35M
6771 Professional Parkway West, Sarasota, Florida 34240, United States
$5,350,000
$248/SF
Building Size
21,553 SF
Asset Type
Office
Closing
Mar 6, 2022
About this deal
AI
Located at 6771 Professional Parkway in Sarasota, this office property has been sold in a recent transaction. The sale was facilitated by Jag Grewal of Ian Black Real Estate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,350,000
- Square Footage: 21,553
- Price Per Square Foot: $248
- Address: 6771 Professional Parkway
- Market: Sarasota
LWR Offices LLC acquired the property from Kingdom Development LWR. The transaction took place on March 7, 2022.
For more information on this closed property transaction, please refer to the Instagram post by Jag Grewal.
On the Map
$5,350,000
$248/SF
Office
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Players
Lakewood Ranch Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93